Young Entrepreneur Advice

Hey Young Entrepreneurs - this is a fantastic little feature over at TechItEasy.org - 10 reasons to start your own business before age 25

Spot on advice! Of course I am not saying don’t start a business when you are 30, 40, 50 or 60+ - what I am saying is that starting YOUNG has some huge advantages.

Two reasons in particular that got my attention are:

Most of the time have no family to take care of:

Most of the time have no family to take care of: before turning 25, you should still have at least a couple years to go before having babies and all that jazz. So, from a personal risk standpoint, taking professional risks is not risky. On top of this, you don’t have too tight a deadline to start getting a decent salary. Last, at the end of the day, hunger seriously makes you bootstrap your butt off.

You have plenty of time to do it again

You have plenty of time to do it again: being an entrepreneur isn’t a job. It is a state of mind. Once you become an entrepreneur, you’re an entrepreneur for an entire lifetime. I can picture so many first time entrepreneurs who, in their fifties or even forties, know they’ll have time to build only one success story on their own - if not zero. This is a very frustrating situation because those who succeed most, financially speaking, are repeat entrepreneurs. Because repeat entrepreneurs learn not to repeat their mistakes and hence do things everyday better. As far as I’m concerned, I see starting young as a huge asset because I’ll have time to build a number of companies (say 5) over time.